Debt payments of $1,810.00 due today, $945 due in 113 days and $590.00 due in 325 days respectively are to be combined into a single payment to be made 160 days from now. Using an interest rate of 9.5% and the focal date of 160 days from now, determine the single payment.

Answer rating: 100% (QA)

To determine the single payment amount that combines all three debt payments into one well use the c... View the full answer